Trump Reportedly Rejects Iran Hormuz Plan: Oil Next?
Brent crude fell more than 2% Friday as traders bet diplomacy could help reopen the Strait of Hormuz. Then a reported rejection of Iran’s proposal changed the weekend setup, putting the first crude trade back in focus.
Oil Jumps 5% as 10-Year Yield Hits 4.81% and Gold Falls
Oil surged as renewed fighting near the Strait of Hormuz pushed energy prices higher while the 10-year Treasury yield reached about 4.81%. Gold’s decline reveals the bigger market tension as investors weigh geopolitical risk against higher yields, a stronger dollar and the next test from U.S. labor data.